Handelsbanken Fonder AB Buys 60,200 Shares of Crocs, Inc. (NASDAQ:CROX)

Handelsbanken Fonder AB grew its position in shares of Crocs, Inc. (NASDAQ:CROX) by 537.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,400 shares of the textile maker’s stock after purchasing an additional 60,200 shares during the period. Handelsbanken Fonder AB owned approximately 0.12% of Crocs worth $6,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC grew its position in Crocs by 60.0% in the fourth quarter. Byrne Asset Management LLC now owns 320 shares of the textile maker’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. grew its position in Crocs by 185.0% in the fourth quarter. Blue Trust Inc. now owns 342 shares of the textile maker’s stock worth $32,000 after acquiring an additional 222 shares in the last quarter. Mendota Financial Group LLC grew its position in Crocs by 50.6% in the fourth quarter. Mendota Financial Group LLC now owns 810 shares of the textile maker’s stock worth $76,000 after acquiring an additional 272 shares in the last quarter. CWM LLC grew its position in Crocs by 116.9% in the third quarter. CWM LLC now owns 1,063 shares of the textile maker’s stock worth $94,000 after acquiring an additional 573 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Crocs in the third quarter worth about $124,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the subject of several recent research reports. KeyCorp lifted their price target on Crocs from $130.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. B. Riley boosted their target price on Crocs from $95.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. UBS Group boosted their target price on Crocs from $117.00 to $124.00 and gave the company a “neutral” rating in a research report on Tuesday. Stifel Nicolaus boosted their target price on Crocs from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Williams Trading restated a “hold” rating and set a $125.00 target price (down previously from $135.00) on shares of Crocs in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.17.

Crocs Stock Performance

Shares of NASDAQ:CROX opened at $123.51 on Friday. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 1.60 and a beta of 2.01. Crocs, Inc. has a 52 week low of $74.00 and a 52 week high of $150.28. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average of $128.18 and a 200 day moving average of $107.18.

Crocs (NASDAQ:CROX) last issued its quarterly earnings data on Thursday, February 15th. The textile maker reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.20. The company had revenue of $960.10 million during the quarter, compared to the consensus estimate of $958.39 million. Crocs had a net margin of 20.00% and a return on equity of 61.97%. Crocs’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 earnings per share. On average, sell-side analysts predict that Crocs, Inc. will post 12.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ian Bickley sold 16,785 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the transaction, the director now directly owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Ian Bickley sold 16,785 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $120.05, for a total transaction of $2,015,039.25. Following the transaction, the director now directly owns 31,815 shares of the company’s stock, valued at $3,819,390.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John B. Replogle acquired 1,972 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $249,951.00. Following the completion of the acquisition, the director now directly owns 3,153 shares of the company’s stock, valued at $399,642.75. The disclosure for this purchase can be found here. Insiders sold 39,867 shares of company stock valued at $4,786,276 over the last 90 days. Corporate insiders own 2.69% of the company’s stock.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.